We Represent Florida Blockchain

Policy Initiatives


FBBA Policy Initiatives

The FBBA is proud to have an influential voice in Tallahassee and is advocating for Crypto (Bitcoin) & Web3 friendly policies as well as other emergent technologies. The FBBA continues to work with both State and Federal players to develop cutting edge policies that will continue to make The Sunshine State the global leader in Bitcoin and Web3. As we grow and develop we have plans to implement similar processes around emergent technologies including Artificial Intelligence.

Current Legislative Proposals For Upcoming Legislative Sessions

Allowing Digital Assets or Controllable Electronic Records to be listed as a Good Fund for Real Estate Transactions

Allowing Florida Banks & Credit Unions to Custody Digital Assets

The Creation of a Florida Chancery Court

Pilots for Florida Ports to use DLT (Including Space Ports)

Creation of a Bitcoin Mining Council Under the Florida Public Service Commission

Enable Bio Waste Reactors and Landfills to trap Methane and use it to Mine Bitcoin

Protect Floridians From Scammers using Kiosk

See Our Track Record, and Every Legislative Initiative In Florida Relating To Web3

Created Florida’s Blockchain Task Force under the Office of Financial Services. 13 Members were appointed by Governor Desantis, The President of the Senate, the Speaker of the House, and the Chief Financial Officer. 
SB 1024 passed both the House and Senate and was singed into law by the Governor. Went into effect upon being signed.

2019: Blockchain Task Force Initiative & Report

The Florida Blockchain Task Force met the following times: September 23, 2019, October 28, 2019, December 13, 2019, and February 21, 2020.

Task Force Meeting Materials can be found Here.

The Blockchain Task Force White Paper can be found Here.

This Bill created the Florida Digital Service to deliver better government services through the implementation of transformative technologies like blockchain, artificial intelligence, and other high tech solutions. All Web3 projects run by the State of FL will be run through this agency. 

Created the Financial Technology Sandbox, within  OFR, to allow innovators to test new products and services using exceptions of specified general law and waivers of the corresponding rule requirements under defined conditions in the consumer finance, payment instruments sellers, and money transmitter programs.

The Bill loosens Florida’s position on licensing requirements for virtual currency activity by clarifying that a money transmitter license is only required for persons acting as intermediaries between two parties if the intermediary has the unilateral ability to execute or prevent a transaction. 

The goal of the unit is to develop and coordinate the regulatory policies required to provide Florida’s financial marketplace with stability, predictability, and security in the digital marketplace.

Prohibits the use of a federally adopted central bank digital currency (CBDC) and protects the personal finances of Floridians from government overreach and woke corporate monitoring.

Join the Team as a Strategic Partner